The Middleby Corporation (MIDD) financial statements (2022 and earlier)

Company profile

Business Address 1400 TOASTMASTER DRIVE
ELGIN, IL 60120
State of Incorp. DE
Fiscal Year End December 31
SIC 358 - Refrigeration And Service Industry Machinery (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1802689572906856
Cash and cash equivalents1802689572906856
Receivables577363448399328326283
Inventory, net of allowances, customer advances and progress billings837540586522425368354
Inventory837540586522425368354
Prepaid expense2018201834611
Contract with customer, asset222023 
Deferred tax assets   52
Other undisclosed current assets71613951554340
Total current assets:1,7071,2701,2091,062932812795
Noncurrent Assets
Property, plant and equipment381344352315282222200
Intangible assets, net (including goodwill)4,1193,3853,2933,1042,0451,7891,733
Goodwill2,2431,9341,8501,7431,2651,093983
Intangible assets, net (excluding goodwill)1,8751,4501,4431,361780696749
Deferred income tax assets3376 
Other noncurrent assets14312711137364322
Deferred tax assets, net3732455211
Other undisclosed noncurrent assets  (3,293)(3,104)(2,045)(1,789)(1,733)
Total noncurrent assets:4,6773,932500384363317233
Other undisclosed assets  3,2933,1042,0451,7891,733
TOTAL ASSETS:6,3845,2025,0024,5503,3402,9172,761
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities888677590556469483478
Accounts payable305183174188146147158
Accrued liabilities583495417367322336320
Debt2723335632
Total current liabilities:915700593559474488510
Noncurrent Liabilities
Long-term debt and lease obligation2,3871,7071,8701,8891,024726734
Long-term debt, excluding current maturities2,3871,7071,8701,8891,024726734
Liabilities, other than long-term debt587819592437481437350
Deferred tax liabilities, net1341148878113
Deferred income tax liabilities187147 
Liability, pension and other postretirement and postemployment benefits220470289253335323208
Other liabilities18120216970593630
Total noncurrent liabilities:2,9742,5262,4622,3261,5051,1631,084
Total liabilities:3,8893,2263,0552,8851,9791,6521,594
Stockholders' equity
Stockholders' equity attributable to parent2,4941,9771,9471,6651,3611,2651,167
Common stock0000000
Treasury stock, value(566)(537)(451)(445)(445)(205)(201)
Additional paid in capital357433387377375355329
Accumulated other comprehensive loss(359)(488)(351)(276)(266)(284)(76)
Retained earnings3,0622,5692,3612,0091,6981,3991,115
Total stockholders' equity:2,4941,9771,9471,6651,3611,2651,167
TOTAL LIABILITIES AND EQUITY:6,3845,2025,0024,5503,3402,9172,761

Income statement (P&L) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues3,2512,5132,9592,7232,3362,2681,827
Revenue, net2,7232,3362,2681,827
Cost of revenue
(Cost of Goods and Services Sold)
(2,056)(1,631)(1,856)(1,719)(1,423)(1,367)(1,120)
Gross profit:1,1958821,1031,004913901707
Operating expenses(675)(558)(589)(558)(502)(455)(404)
Other undisclosed operating income110      
Operating income:630324514446410446303
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
2(3)2(2)(1)(1)(4)
Interest and debt expense(57)(79)(83)(59)(26)(24)(17)
Other undisclosed income from continuing operations before equity method investments, income taxes 252938   
Income from continuing operations before equity method investments, income taxes:574268463424384421281
Other undisclosed income from continuing operations before income taxes45      
Income from continuing operations before income taxes:620268463424384421281
Income tax expense(131)(61)(110)(106)(85)(137)(90)
Net income available to common stockholders, diluted:488207352317298284192

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:488207352317298284192
Other comprehensive income (loss)129(137)(74)(43)47(64)(28)
Comprehensive income:61870278274345221163
Other undisclosed comprehensive income (loss), net of tax, attributable to parent   33(29)(144)(17)
Comprehensive income, net of tax, attributable to parent:6187027830731676147

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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